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Dicks SportingGoods is expanding its Dicks Varsity Team content creator and influencer program by inviting consumers who have a passion for both sports and social media to join.
billion takeover deal with Brazilian equity firm 3G Capital to the more recently announced deal between Dicks SportingGoods and Foot Locker. On May 15, Dicks SportingGoods published a press release confirming they are acquiring Foot Locker for approximately $2.4 This includes major announcements like Skechers’ $9.4
Consumers came out to spend this holiday season and clearly underscored the solid growth in the U.S. economy, said Jack Kleinhenz, Chief Economist at the NRF in a statement. The spending pace was back to pre-pandemic growth and indicates a good start for the year ahead. over the previous year, reaching a record $5.28
Launching April 12, more than half the collection will be priced at $15 or less, with prices starting at $5. Our teams worked together for two years to create this collection, and I cant wait for consumers to see everything we have to offer.
Adidas will be the first retailer to utilize a new contextual commerce solution from media platform Teads , which will allow the sportinggoods brand to offer tailored product ads to customers online based on factors such as price, stock levels and delivery options.
To capitalize on the nearly $1 billion USD spend predicted by the National Retail Federation , with nearly one-fifth of annual retail sales occurring between November and December, brands need to break through the clutter with the right message, for the right customer, at the right time. of all U.S. retail media ad spend in 2024, with U.S.
Between the tariff tug-of-war, flailing markets, insanely high egg prices and general twitchiness (as one strategist put it), consumers have gotten a bit hard to nail down lately. In fact, AI was held at a pleasant distance at the annual retail conference, which kicked off Tuesday in Las Vegas. One thing is clear its not AI.
Dick’s SportingGoods is expanding its partnership with sportinggoods resale marketplace SidelineSwap following a previous expansion in 2023. As the partnership moves into its third year, SidelineSwap’s recommerce services will be available at more Dick’s locations across the U.S.
During the first six months of this year, Amer Sports’ turnover in China soared 52 per cent to$599 million. The company’s portfolio includes Wilson SportingGoods, Canadian outdoor clothing brand Arc’teryx and French sportinggoods firm Salomon. Descente and Kolon Sport also posted sales surged 41.8
The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months. While its momentum may not be permanent, Foot Locker executives expect it to carry into the second half of the year at least.
However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sportinggoods (-1.6%). And with less inflation, consumers will regain some spending power. But there are possible headwinds on the horizon.
Consumers are increasingly voting with their feet when it comes to the issues that affect our world and our nation. Citizen Shoppers’ entreat companies to not just sit back and sell goods and services, but to also work toward improving the environment around us. Don’t Stop at Shoes. The sustainable footwear market was $7.5
Beginning in August 2025, Target will offer its new Champion collection of activewear and sportinggoods for kids and adults. When you combine Champions legacy in sportswear with Targets style authority, the result is something special, said Rick Gomez, EVP and Chief Commercial Officer at Target in a statement.
. “As a brand attuned to the harsh conditions of the outdoors, we couldn’t think of a region better suited than Vancouver to start our journey,” said Lesley Hawkins, VP of Retail at Adidas Canada in a statement. “It’s
If you want tennis balls, you can wait for them to be delivered or you can go to a big-box sportinggoods store, but if you’re on the way to the courts shouldn’t you be able to go somewhere really convenient along the way? As Balbale noted, thats an insane number. said Balbale.
Australian consumers have the world at their fingertips and can order from all across the globe, not only from the large international e-commerce companies but also from specialist retailers – be it fashion, electronics or sportinggoods. The scope of e-commerce continues to expand at unprecedented rates.
Just days after news that Dick’s SportingGoods and Foot Locker agreed to a $2.4 “The upper end of our comp range assumes we continue to drive comps at our more recent run rate from the last three quarters, led by the impact of our strategic initiatives and a relatively stable macro backdrop. .
At the same time, a rigid strategy like no receipt, no returns can sour loyal customers as well as drive fraudsters toward new criminal tactics, forcing loss prevention teams to continually change strategies. New Data Highlights the Significant Challenge of Retail Returns Retail returns will always come at a cost for retailers.
After linking its loyalty program with Dick’s SportingGoods in 2021, Nike is now partnering with Hibbett on a similar “ connected partnership.” Members can now link their Nike membership and Hibbett Rewards accounts on the Hibbett website.
Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. Revenues were up 5% YoY in the company’s fiscal Q3, which ended Feb. Wholesale Will Still Play a ‘Very Important Role’.
Analysts point to a combustible mix of weaker consumer spending, tariff-driven cost pressures, and corporate belt-tightening as prime drivers of the bloodletting. That logic is amplified at legacy department-store operators like Macy’s, where real-estate costs are high and foot traffic continues to migrate online.
“The growth of this program is an exciting continuation of our efforts to address the environmental and social challenges faced by the footwear industry, and ultimately make a difference by keeping shoes on feet and out of landfills,” said Deanna Bratter, VP, Global Head of Sustainability at Crocs in a statement.
Ebay ’s spending spree is continuing with the acquisition of Certilogo , a provider of digital IDs and authentication tools for apparel and fashion goods. All three investments are aimed at helping enhance the Ebay experience and build customer trust. ”
Retail Ecommerce Ventures (REV) has added a new brand to its collection by acquiring certain assets of Modell’s SportingGoods for $3.64 Before declaring bankruptcy in March , days before COVID-19 stay-at-home orders went into effect, Modell’s operated 141 stores in the Northeast and Mid-Atlantic states.
Consumers cut back their spending at retailers selling clothing, furniture and sportinggoods, according to Commerce Department data. Retail sales in July fell 1.1 percent as a surge of COVID-19 cases connected primarily to the Delta variant made Americans more cautious about shopping in stores.
As product scarcity issues continue to dominate this holiday shopping season, consumers are increasingly turning to resale to get the goods — and platform operators are taking notice. eBay has expanded its refurbished goods offering, where shoppers can find discounted inventory from brands including Apple, Samsung and Dyson.
On Amazon alone, the bag has garnered more than 5,000 five-star reviews and was named the best beach bag and tote by Travel + Leisure and Good Morning America. Now, Bogg Founder and CEO Kim Vaccarella is bringing the bag to even more consumers thanks to a new partnership with Target. so we spend every summer there.
Retailers will need to maintain elevated safety precautions and further improve in-store fulfillment, while at the same time busting any type of friction more forcefully than ever. You look at ULTA Beauty or DICK’S SportingGoods during the pandemic and they crushed it. Now consumers look for that.”.
Retailers that understand the customer journey and adopt innovative strategies are looking at ways to turn their brick-and-mortar stores into experience centers. 5G provides an alternate method to keep the store connected at all times. This information can give consumers up-to-date status on inventory, purchases or delays.
Quite early on, I went to China and Asia and looked at manufacturing, and I went from, ‘Hey, this is a nice, fun project.’ to ‘This is a commercial opportunity and there’s a gap in the market, and if we can nail the product-market fit, then we can satisfy the consumer and grow from there.’ I couldn’t sleep until I solved it.
J UST AS AMERICANS, bored and anxious during pandemic lockdown, collectively revisited their love affair with outdoor activities and sports, Dick’s SportingGoods (Coraopolis, Pa.) introduced its new House of Sport concept, focused on multi-sport experiences, better shopper engagement and elevated customer service.
can link eligible accounts to earn 2% cash back from Bank of America (on top of the rewards and benefits they already earn on qualifying purchases) and one Star for every $2 spent at Starbucks. The millions of BoA cardholders and Starbucks Rewards members in the U.S.
In addition to the white-glove delivery services that start at $19 , Kaiyo allows buyers to buy online and pick up at the warehouse. With sustainability top of mind for consumers, many brands have developed their own in-house resale programs or partnered with platforms through which they are able to resell secondhand goods.
Resale Continued its Rise but Came Under Financial Scrutiny Consumers’ enthusiasm for secondhand goods, as well as other forms of more sustainable consumption like rental and repair services, showed no sign of slowing in 2023. But negative press didn’t stop either app from drawing U.S. Nicole Silberstein 6.
Predicting where the next phase of consumer buying behavior is headed has proven notoriously tricky. Ecommerce had been growing at a consistent rate, but its year-over-year growth shot up two to five times faster during the pandemic. It turns out that bigger isn’t always better.
A key reason for the challenge is that consumers’ frequent starting points for online shopping are Amazon and Google. Most retailers aren’t going to be able to beat Amazon in terms of price and convenience, so they should instead focus on finding reasons for consumers to shop with them that Amazon can’t match. Data is the key here.
As Retail TouchPoints has reported , discounting is expected to drive both the timing and amount of holiday spend this year, as inflation-weary consumers time their purchasing to promotional periods. YoY) are both expected to outpace Cyber Monday in year-over-year growth as consumers embrace earlier deals. However, Black Friday ($10.8
“At Designer Brands, we have truly taken control of our destiny as we have transformed into a brand builder, marrying our world-class design and sourcing capabilities to our industry leading direct-to-consumer infrastructure,” said Rawlins. “We
After years of lockdowns and digital-driven behaviors, consumers’ actions have shown how crucial the store experience is to how they shop and interact with brands. You can add to the stickiness of a brand, but also empower others to do good. But underneath this positive blanket statement are a lot of nuances.
The economy remains volatile, inflation continues to rise, and consumer confidence is on shaky ground. For brands in sectors such as apparel, Footwear, Jewelry, SportingGoods, Home Goods, and Department Stores, finding the right retail pricing strategies is crucial to survival and profitability.
Metz has more than 25 years of experience leading consumer and durable goods companies. Merris noted in an episode of the Retail Remix podcast that the company was doubling down on its partnerships with retailers like Ace Hardware , Dick’s SportingGoods and Lowe’s. will take over.
There was a time, not too long ago, when it took a lot of convincing to get consumers to consider secondhand. Now, both consumers and the retailers that serve them are quite willingly jumping on the resale bandwagon, driving an already hot sector toward even further growth. Retailers and Brands Take the Baton.
DICK’S SportingGoods has promoted President Lauren Hobart to the roles of President and CEO, as of Feb. Hobart brings more than 25 years of finance, consumer and retail experience to the role. During her tenure at the company she revamped its marketing efforts and helped drive ecommerce strategy.
While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s , Target and Dick’s SportingGoods.
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